Power prices drive inflation
Higher electricity and gas bills for households will help push headline inflation back within its target range.
Higher electricity and gas bills for households will help push headline inflation back within its target range.
Rate rises are not in the picture for the RBA until 2018. One fund manager thinks rate hikes would have negative consequences for the whole economy.
It turns out Donald Trump, and the unbelievable freak show that is his presidency, does have some positives.
Australian residential customers pay the highest electricity prices in the world - two to three times more than American households.
The Reserve Bank believes economic recovery is broadly on track, but uncertainties over the rising dollar and house prices could cloud this outlook, according to its August statement.
The Bank of Japan is finally bowing to the inevitable: its 2 per cent inflation target is beyond reach.
The Bank of England kept interest rates at a record low again and cut its forecasts for growth and wages.
Australia, New Zealand and the European Union have an interest in assisting Pacific nations standardize their export products, says Pascal Lamy.
The confusion over a '3.5 per cent' interest rate was an exception that proves an RBA rule.
Authorities in Beijing have identified a need to curtail a global buying spree by some of the nation's biggest private companies.
US business is fed up with China stealing intellectual property. President Trump is poised to act.
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